From: Dan Kernell [dkernell@eriecoast.com]
Sent: Monday, February 16, 2004 3:05 PM
To: rule-comments@sec.gov
Subject: S7-06-04:
I agree with the new rules you are seeking. All fees on any purchase or sale should be
clearly stated. Any broker or sales person should state how much of the transaction fees
goes to the selling party. The total amount of fees should be disclosed for each purchase
or sale. No fancy wording (lawyer talk) should be allowed to confuse or misrepresent what
and where the fees are going.
Of course all these rules and regulations don't mean a thing if you do not police the
rules. The government needs to keep a very watchful eye or these dishonorable and unsavory
people will still crawling out from under the rocks.
Sincerely
Danny F. Kernell